Sunset Point has a total of 408 residential units and was constructed in 1983.  As part of Pure Multi’s commitment to create value for its unitholders through selective dispositions of its Class B assets, Pure Multi intends to use the net proceeds from the sale of Sunset Point to upgrade the overall quality of its portfolio by acquiring a quality Class A asset without the need to raise additional capital through public offerings of units. 

• Purchase Price: US$24,600,000

• Purchase Date: July 2013

• Sale price: US$27,950,000

• Sale Date: January 2015

• Year built: 1983

• Annualized return on equity:  over 22%